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Indian Railway Catering And Tourism Corporation Ltd.

IRCTCConsumer Discretionary filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

15 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 15 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202102052020-12-31yes
TRANSCRIPT202108192021-06-30yes
TRANSCRIPT202306062023-03-31yes
TRANSCRIPT202308172023-06-30yes
TRANSCRIPT202311142023-09-30yes
TRANSCRIPT202402192023-12-31yes
TRANSCRIPT202406042024-03-31yes
TRANSCRIPT202408212024-06-30yes
TRANSCRIPT202502172024-12-31yes
TRANSCRIPT202506042025-03-31yes
TRANSCRIPT202508192025-06-30yes
TRANSCRIPT202511182025-09-30yes
TRANSCRIPT202602182025-12-31yes
TRANSCRIPT202605292026-03-31yes
TRANSCRIPT202608192026-06-30yes

IRCTC

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.

Last close461.20
52-week range452.95 – 730.65
Return 1M-4.42%
Return 3M-10.29%
Return 1Y-35.54%
Return 3Y-33.08%
Return 5Y-37.49%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations1,370.00
Other income72.00
Total income1,441.00
Cost of materials consumed24.00
Purchases of stock-in-trade70.00
Changes in inventories1.00
Employee benefit expense104.00
Finance costs4.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.620.00
institutions foreign0.04-0.01
institutions domestic0.150.00
mutual funds0.030.00
public0.380.00

Documents on file

ClassMost recentOn file
TRANSCRIPT2026-06-3015

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations1,155.001,120.001,064.001,225.001,269.001,160.001,146.001,449.001,460.001,370.00
Other income33.0051.0060.0057.0061.0061.0063.0070.0067.0072.00
Total income1,187.001,172.001,124.001,281.001,330.001,221.001,209.001,519.001,526.001,441.00
Cost of materials consumed17.0017.0016.0016.0016.0018.0020.0017.0017.0024.00
Purchases of stock-in-trade36.0072.0046.0053.0039.0045.0037.0052.0046.0070.00
Changes in inventories-1.001.00-1.00-1.001.00-1.000.001.00-1.001.00
Employee benefit expense84.0074.0077.0074.0090.0076.0081.0086.0083.00104.00
Finance costs5.003.003.003.008.004.004.005.005.004.00
Depreciation and amortisation16.0014.0013.0013.0012.0012.0011.0012.0014.0012.00
Other expenses657.00581.00553.00666.00737.00625.00604.00829.00915.00784.00
Total expenses813.00762.00707.00825.00903.00779.00758.001,001.001,080.001,000.00
Profit before exceptional items and tax374.00410.00417.00457.00427.00442.00451.00518.00447.00442.00
Exceptional items8.002.000.000.0046.000.006.0011.000.000.00
Profit before tax382.00412.00417.00457.00472.00442.00457.00529.00447.00442.00
Current tax99.00106.00150.00116.00162.00120.00125.00144.00130.00126.00
Deferred tax-1.00-2.00-41.00-1.00-48.00-8.00-9.00-10.00-10.00-14.00
Tax expense98.00104.00109.00115.00114.00111.00115.00135.00120.00112.00
Profit for the period284.00308.00308.00341.00358.00331.00342.00394.00326.00330.00
Profit attributable to owners0.000.000.000.000.000.000.00—0.000.00
Profit attributable to non-controlling interests0.000.000.000.000.000.000.00—0.000.00
Other comprehensive income-0.000.00-2.001.00-1.002.003.001.006.00-2.00
Total comprehensive income284.00308.00305.00343.00357.00332.00345.00396.00332.00328.00
Earnings per share, basic3.553.853.854.264.484.134.284.934.084.13
Earnings per share, diluted3.553.853.854.264.484.134.284.934.084.13

Annual results, as filed

Line2024-03-312025-03-312026-03-31
Revenue from operations4,270.004,675.005,215.00
Other income164.00229.00260.00
Total income4,435.004,904.005,475.00
Cost of materials consumed72.0066.0071.00
Purchases of stock-in-trade175.00209.00180.00
Changes in inventories-2.00-0.00-0.00
Employee benefit expense289.00315.00326.00
Finance costs19.0017.0018.00
Depreciation and amortisation57.0053.0050.00
Other expenses2,270.002,534.002,973.00
Total expenses2,880.003,194.003,617.00
Profit before exceptional items and tax1,555.001,709.001,858.00
Exceptional items-59.0048.0017.00
Profit before tax1,496.001,757.001,875.00
Current tax396.00533.00518.00
Deferred tax-11.00-91.00-37.00
Tax expense385.00442.00482.00
Profit for the period1,111.001,315.001,393.00
Profit attributable to owners0.000.000.00
Profit attributable to non-controlling interests0.000.000.00
Other comprehensive income0.00-1.0012.00
Total comprehensive income1,111.001,314.001,405.00
Earnings per share, basic13.8916.4417.42
Earnings per share, diluted13.8916.4417.42

Balance sheet, as filed

Line2024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets6,091.006,800.006,800.007,631.007,580.00
Non-current assets947.00977.001,119.001,135.001,163.00
Current assets5,144.005,823.005,681.006,496.006,416.00
Property, plant and equipment226.00217.00669.00663.00663.00
Capital work-in-progress443.00466.0027.007.0042.00
Goodwill0.000.000.000.000.00
Other intangible assets91.0071.002.001.004.00
Inventories11.0011.0011.0011.0014.00
Trade receivables1,374.001,726.001,734.001,549.001,882.00
Cash and cash equivalents706.00534.00378.00603.00412.00
Total equity and liabilities6,091.006,800.006,800.007,631.007,580.00
Equity3,230.003,523.003,663.004,261.004,309.00
Equity share capital160.00160.00160.00160.00160.00
Other equity3,070.003,363.003,503.004,101.004,149.00
Total liabilities2,861.003,277.003,137.003,371.003,271.00
Non-current liabilities230.00241.00333.00301.00293.00
Current liabilities2,632.003,036.002,803.003,070.002,978.00
Borrowings, non-current0.000.000.000.000.00
Borrowings, current0.000.000.000.000.00
Trade payables998.00839.001,034.00798.00767.00

Cash flow, as filed

Line2024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities882.00434.00810.00834.001,273.00
Net cash from investing activities-200.00-275.00-229.00-518.00-446.00
Net cash from financing activities-404.00-332.00-910.00-90.00-787.00
Purchase of property, plant and equipment232.0021.0048.0014.0078.00
Net increase in cash277.00-173.00-329.00225.0040.00
con:CFO.BEFORE_TAX1,330.00635.001,224.001,085.001,821.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.00
con:TAX_PAID.OPERATING448.00201.00415.00251.00548.00
con:CF_OTHER.OPERATING0.000.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.00
con:PPE_DISPOSALS0.000.001.000.001.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group62.4062.4062.4062.4062.4062.4062.4062.4062.4062.400.620.620.620.62
Domestic institutions10.059.9410.5411.9912.7313.7613.9313.7213.8914.160.140.140.150.15
Mutual funds—————————3.130.030.020.030.03
Insurance companies8.988.879.319.369.609.6010.0810.5510.7710.790.110.110.110.11
Foreign institutions6.536.997.107.348.087.787.547.457.377.280.070.070.050.04
Government—————————0.000.000.000.000.00
Public37.6037.6037.6037.6037.6037.6037.6037.6037.6037.600.380.380.380.38
Non-institutional21.0220.6819.9618.2816.7916.0616.1416.4316.3516.170.160.160.180.19
Shares outstanding800000000800000000800000000800000000800000000800000000800000000800000000800000000800000000800000000800000000800000000800000000

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Ministry of RailwaysControlling AuthorityAny other transaction9,915,542,000.007
CRISCompany under common controlAny other transaction154,725,000.002
IRCTC Payment LimitedEntities with joint control or sigAny other transaction151,246,000.002
NBCC SERVICES LIMITED-POOL ACCOUNTGovernmentAny other transaction146,222,000.002
Railtel Corporation of India LtdCompany under common controlAny other transaction50,415,000.002
MOHUAGovernmentAny other transaction17,809,000.001
KSTDCEntities with joint control or sigAny other transaction6,461,000.001
Shri Ajit Kumar, Director (Finance) & CFO (Ceased on 30.KMPRemuneration5,065,000.001
Dr. Lokiah Ravikumar, Director (Catering Services)KMPRemuneration3,567,000.001
Shri Sanjay Kumar Jain , CMD, IRCTCKMPRemuneration3,061,000.001
Smt. Suman Kalra (Company Secretary)KMPRemuneration2,643,000.001
Shri Rahul Himalian, Director (Tourism & Marketing)KMPRemuneration2,397,000.001
Shri Namgyal Wangchuk (Independent Director)KMPAny other transaction430,000.001
Shri Vinay Kumar Sharma (Independent Director)KMPAny other transaction390,000.001
Shri Devendra Pal Bharti (Independent Director)KMPAny other transaction370,000.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-19Q1FY27PRIVATE LIMITEDRead the call
2026-05-29Q4FY26Read the call
2026-02-18Q3FY26Read the call
2025-11-18Q2FY26MANAGING DIRECTOR, IRCTC LIMITED, MARKETING), IRCTC LIMITEDRead the call
2025-08-19Q1FY26CORPORATION LIMITED.Read the call
2025-06-04FYFY25CORPORATION LIMITEDRead the call
2025-02-17Q3FY25CORPORATION LIMITED, PRIVATE LIMITEDRead the call
2024-08-21Q1FY25AND TOURISM CORPORATION LIMITEDRead the call
2024-06-04Q4FY24SERVICES – IRCTC LIMITEDRead the call
2024-02-19Q3FY24DIRECTOR, IRCTC, FINANCIAL OFFICER, IRCTC, SERVICES), IRCTCRead the call
2023-11-14Q2FY24Read the call
2023-08-17Q1FY24DIRECTOR–INDIAN RAILWAY CATERING ANDRead the call
2023-06-06Q4FY23DIRECTOR–INDIAN RAILWAY CATERING ANDRead the call
2021-08-19Q1FY22PRABHUDAS LILADHAR Pvt. LIMTED:, SHRI. AJIT KUMAR –, SMT. RAJNI HASIJA –Read the call
2021-02-05Q3FY21CORPORATION LIMITEDRead the call

What they said about it, quarter by quarter

TopicQ2FY26Q3FY21Q3FY24Q3FY25Q3FY26Q4FY23Q4FY24Q4FY26
Capex—Sir, just had few questions, one is if you could probably talk about the capex for FY2022 and FY2023 in terms of both the metro capacity capex and the…They are investing a huge amount in CAPEX in building the infrastructure and bringing rolling stock and all.And this year also, there is a good budget capex support to the railways.In addition, our Board has already sanctioned for installation of 4 new plants at Mysore, Prayagraj, Bhagalpur and Ranchi.So we are trying to increase the capacity of that, but as well, in addition to making the new plants, which are going to be commissioned soon in Bhuba…For Q4 FY '24, the capex was INR55 crores taking the capex for FY '24 to finally INR240 crores.—
Capital allocation——————Our Board has recommended a final dividend of INR4 per share subject to shareholders' approval, which takes the total dividend of INR6.5 per share for…The company has also declared and paid the highest dividend in the Financial Year 2025-26 of Rs.
Costs———————And basically, how are the licensees coping with the inflation given their input cost has also risen?
Debt and cash———————And, sir, given the strong cash balance that currently IRCTC has and ability to generate highly efficient cash flows, what would be the key capital al…
DemandIf you could also provide some light on the booking pipeline for Maharajas' Express, because you had mentioned 20% odd growth in Q1. Has that momentum…Okay and any update on the Tejas trains because you started and then you stopped again because demand was not there?NRC also like this year only we have already started eight NRC projects, seven are in pipeline and these are mostly government offices, high court, et…It is because of the seasonal nature of bookings.So these trains are already in the pipeline, and that is certainly going to add good business for IRCTC catering.And many of -- I think more than 300 train contracts is in -- still in the pipeline because we are, as of now, we are going for our short-term tenders…There is a demand, but we are not able to -- we could not able to run the train because of model code of conduct.So, have you evaluated any possibility of introducing an Agra stoppage for such premium trains due to the high tourism destination like Agra could enh…
GuidanceThank you for the guidance and I wish the entire team best of luck for Q3.In the catering, business by when will the tariff hike start getting reflected in the numbers and what kind of margin expansion can we expect because …So, do we expect some additional provisioning crop up in future from here on due to higher share which we need to give to Indian railways?So, sir, any kind of guidance of how much it should increase by next quarter or year?Do we expect the Q4 to see some moderation because the seasonality would be lower?And what kind of growth rate can we expect?And whenever that dispute is resolved, how much incremental revenue from licensee fee can we expect going forward?—
Margin404 crores, an increase of 8.31% year-on-year, with an EBITDA margin of 35.25% compared to 35.05% in Q2 FY'25.Sir how will the profitability change here, will you see operating leverage play out and I just wanted to compare as you migrate your customers from b…The EBITDA for Q3 is Rs.394 Indian Railway Catering and Tourism Corporation February 14, 2024 crores in absolute term, growing by 20.9% from Rs.326 cr…So, I just wanted to understand, is that margin sustainable?EBITDA stood at INR465 crores, a jump of 11.5% year-on-year.Can you tell us what is the difference in the margin profile between convenience fee and the non-convenience fee?Our EBITDA raised at INR1,466 crores, marking a 14.89% increase year-on-year.The company has registered all-time high financial performance in terms of revenue from operations PAT and EBITDA in the Financial Year 2025-26.
PeopleAnd any utilization, any other input that we could share how the operations are working right now?—Just a few bookkeeping questions like what is the current Rail Neer plant capacity and what is the utilization and what -?——The capacity is around 14.8 lakh litres per day and utilization is around 70%.And the current capacity utilization at -- about -- of our Rail Neer plants?Any operational efficiencies which are more sustainable or improved capacity utilization?
Pricing——But if you give it to them on a five to seven-year contract, in terms of pricing, will you have to give some concession compared to the short term?————I believe the last price hike happened in 2019.
Revenue growth342 crores, reflecting a year-on-year growth of 11.%.—During Q3 this year, I am really happy to announce that the Company achieved a remarkable milestone with operating revenue reaching to 1,118 crores, m…—During the quarter, PAT stood at INR394 crores, registering a healthy year-on-year growth of 15.5%, driven by strong performance in Internet ticketing…—This represents a robust growth of 19.7% year-on-year.4,675 crores in FY 2024-25 registering a year-on-year growth of 11.55% which is more than the year-on-year growth of 9.74% recorded in FY 2024-25. • N…